Who Should Pay for Iraq's Reconstruction?

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The high price of oil has Iraq rolling in money, but much of that new wealth stays in foreign bank accounts, while the US rebuilds the country. Americans are paying six times more than Iraqis for roads, schools and power plants, as well as the refineries and pipelines for oil production. That's according to the Government Accountability Office, an arm of the Congress. With a sagging economy, how long can the US afford that kind of money?  Why isn’t it more effective? Will Iraq’s oil wealth mean future profits for private investors? We talk with an American entrepreneur who's building power plants and amusement parks.

Credits

Guests:
Linda J. Bilmes - Harvard University, Ali Allawi - former Iraqi Minister of Trade, Defense and Finance, Ginger Cruz - Deputy Inspector General for Iraq Reconstruction, Llewellyn Werner - Chairman, C3

Host:
Warren Olney

Producers:
Sonya Geis, Andrea Brody